Savvy investors who do their homework are starting to collect Parkson shares which is still selling way below book value. Why?
These value and savvy investors can see and anticipate a recovery for the retail business and is quietly building up their position in Parkson. Just look at Parkson's traded volume in BURSA before the Q1 2023 results and now, there's a world of difference. This indicates excitement and traders attention on Parkson.
For Parkson Retail Group Limited to resume dividend payment after a lapse of 4 years is an indication that William Cheng is confident of the turnaround. The China unit is even cheaper and grossly undervalued with dividend being returned to loyal shareholders, cheers.
The annual and quarterly reports served as good pointers where the business is headed.
For a start, always pay close attention to what the CEO is saying. In short, WC has stated that the strategies implemented for Parkson thus far will yield sustainable growth and profitability for the long term.
WC knows the business dynamics in China after having survived the retail business ups and down since 1994.
This is testament to his ability to stay the course while others have perished. Opening and closing of stores is an integral part of the retail business and should be strictly enforced to culled the losing ones, cheers.
@Why. Traditionally, Q3 is the weakest quarter for Parkson due to no major festivities in Malaysia.
I reckon if Malaysia can break even or incur a small loss and China continue to contribute a smaller profit, then Q3 should be alright. The focus will then shift to another strong Q4 to close the year on a high note. Hopefully, the rerating of Parkson share price will continue unabated thru to next year, cheers.
Parkson share price has a long way up to catch up with fundamentals. Remember that AEON is trading at PER 15x. Parkson at PER 15x, easily RM1.00. If we discount to PER 10x, easily RM0.60.
For those that are uncertain whether to sell at small profit or hold longer, suggest you look at Padini / Focus Point / Bonia stock returns. You would understand that in Bursa, you can make 2x or more if you give time
Why sell a stock so fast, unless you can guarantee that your next investment will make more than existing. Don't have itchy fingers please. I will bring my comments above back when the stock hit above RM0.50. Meanwhile sit back and don't look at daily ticker prices too much. Let compounding do its work. Cheers!
Last tip for the night: If you want to make money in investment, don't be afraid of volatility. You will never make big money if you keep buying and selling. Trust me.
This post or blog does not constitute BUY/SELL CALLS and it is just for information sharing. The author above won't be responsible for any parties relying on this information for investment decision.
hehe. your hype tactics sudah pecah. you can shout as you like. hehe. you come i get to buy lower again. tenkiu yea. remember to wait for T+3 settlement yea
tut tut. hehe. tenkiu @sailang_now. no wonder pang72 was sniped last week. he mau do9 newbie and make money but kena sniped. not sure he will kena sniped again dis week.
hehe. all de while nonsense @pang72. today better dy. you sendiri compare you know. gud job. now you behave like a trader baru betui ma. remember don do9 newbie with your broken hype tactic.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Why2TellMeWhy
992 posts
Posted by Why2TellMeWhy > 2023-09-22 13:36 | Report Abuse
gud one @audit.